PoS

Ethereum, the second most popular cryptocurrency in terms of market capitalization, is set to update its software in yet another hard fork. Although the cryptocurrency has had declined in its price, the ethereum community are unbothered of the decline in the asset's price. In this article we review the outcome of the next update on the Ethereum Network on the cryptocurrency’s normal Usages.

Multifaceted cryptocurrency project UniFox, aiming to deploy ATMs and crypto POS terminals worldwide, has formed a partnership with Achain to collaborate in crypto adoption and include ACT in its products.

Since VISA’s decision to suspend all Bitcoin prepaid debit and virtual cards issued by Wave Crest Holding in the EU, citizens of Europe and many other countries have had no option to use cryptocurrency cards for withdrawals and POS payments. However, two cryptocurrency-related companies are preparing to bring their new physical and virtual cards to the market.

Cryptocurrency payment becomes more and more popular because of its convenience and simplicity. There are two reasons why it is not widely used: unclear legal status and the fact that the majority of people does not have an opportunity to provide such payments. But this situation is about to gradually change.

On January 5, 2018, Wave Crest Holding a company issuer of Bitcoin debit and virtual cards announced it was closing all of its Visa prepaid cards due to a change in operating permissions. As a result, all the cryptocurrency cards issued for customers in Europe became unavailable for POS payments and withdrawals.

Wish Finance has announced the launch of its blockchain-based lending platform for small and medium businesses. Wish Finance innovated a new technology for risk scoring and seamless repayments, based on real transactional data and connection to the POS infrastructure. At first ,the company will be providing loans for companies in Singapore and Hong Kong. Wish Finance will conduct a token sale from October 2nd to October 25th to raise funding for scaling up their new platform.

The unprecedented financial success of projects like Bitcoin and Ethereum often hides the fact that both enterprises essentially live on borrowed time due to the energy inefficiency of their platforms.